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If the quoted rate (APR) is 3% compounded weekly, what is the effective annual rate (EAR)? Do not round intermediate calculations. Round the final answer

If the quoted rate (APR) is 3% compounded weekly, what is the effective annual rate (EAR)?

Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 18.69% should be entered as 18.69.

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